Last week, Benzinga looked at the outlook for stocks that are popular with many investors. Here are some of the top articles.
This week, the S&P 500 and Dow Jones Industrial Average hit record highs, helped by a strong start to the third-quarter earnings season. The S&P 500 and Nasdaq each rose 1.1%, and the Dow rose 1.2%, marking the fifth consecutive week of gains for these major indexes.
Despite better-than-expected consumer and producer inflation reports in September, interest rate expectations remained largely unchanged, with traders still expecting a rate cut in November.
Meanwhile, despite last week’s strong gains, Chinese stocks posted their worst weekly performance of the year as the lack of a much-anticipated economic stimulus dampened investor sentiment.
Benzinga provides daily reports on the stocks that are most popular with investors. Here are some of last week’s most bullish and bearish posts that are worth revisiting.
bulls
By Shanti Rexalin: Palantir’s Shyam Sankar says AI is ’empirical’ and if you’re paying consultants to figure out how to implement it, you’re just adding money to the fire. , Palantir Technologies, Inc. PLTR CTO Shyam Sankar details how. Sankar believes that companies need to embrace practical AI implementation rather than relying on consultants, and highlights the company’s ability to quickly turn AI prototypes into tangible business value.
“‘Dogecoin killer’ Shiba Inu rises 39% in past 30 days, but it will ‘accelerate,’ says bullish trader” (by Kyati Dalal) Shiba Inu SHIB/USD amid rising burn rate has soared 39% in the last month, and traders predict further gains will come from bullish chart patterns and increased community activity.
“Josh Brown flags up to $190 strike on NVDA’s ‘monster’ call buys: ‘This is not retail money'” by Adam Eckert, by Josh Brown, NVDA reported emphasizing significant call buying, suggesting that institutional investors expect the stock price to rise. It is expected to cross $190 by March 2025, well above the current trading level of around $135.
Check out below for additional bullish calls from the past week.
Tesla’s future valuation: Analyst Pierre Ferrag reveals scenarios ranging from $1.4 trillion to $4.7 trillion based on FSD and robotaxi success
MicroStrategy Analyst Predicts Stock Price to Rise 64% Based on Bitcoin Acquisition Strategy
Exclusive: Ross Garber sees ‘tsunami of money’ coming to cannabis companies with federal legalization, says cannabis is one of the ‘biggest’ opportunities beyond AI
bears
“Google cries foul, calls recommendations ‘radical’ as Justice Department moves to break up search giant, antitrust battle intensifies,” by Kaustubh Bagalkote. Alphabet Inc.’s GOOG GOOGL is facing a possible split as it considers measures to rein in the company, reports say. Google has criticized this as extreme and potentially harmful to market competition.
In “Misunderstanding with Atlanta-based Supplier Cuts Rivian Production Guidance, Resulting in Shortage of Critical Copper Windings for Motors: Report,” by Anan Ashraf, Rivian Automotive RIVN It was revealed that the company had cut its annual production forecast by up to 18% after a miscommunication The partnership with Essex Furukawa resulted in a shortage of essential copper windings, impacting EV production.
Piero Singari, “China’s stocks plummet as stimulus hopes fade: Hong Kong’s worst daily decline since October 2008” (by Piero Singari), shows that investors react to lack of economic stimulus and Alibaba・Chinese stocks such as Group Holdings’ BABA and Baidu’s BIDU have reported declines. Aggressive fiscal stimulus caused the Hang Seng Index to record its steepest single-day decline since 2008.
For more bearish views, be sure to check out our next post.
Wells Fargo downgrades Amazon stock: bearish signal on growth concerns
Disney faces $150 million to $200 million hit from Hurricane Milton, with attendance expected to decline 6%, Goldman Sachs says
Gary Gensler questions the future of cryptocurrencies, says key players are in prison or awaiting extradition
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